Posted To: MBS Commentary

Bonds Push Back Against AM Weakness, But Risks Remain Yields were breaking higher as the domestic session began with traders citing the European Central Bank (ECB) as the primary source of motivation. The ECB changed its stance on one of its bond buying programs in a way that leaves the door open for less accommodation. ECB President Lagarde also offered a few relatively upbeat comments on inflation/growth potential. The losses aren’t too threatening at face value, but they contribute to an ongoing inability on the part of 10yr yields to get below the 1.075% floor. Until that floor is broken, it suggests strong confirmation of the rising rate environment. Econ Data / Events 20min of Fed 30yr UMBS Buying 10am, 1130am (M-F) and 1pm (T-Th) Jobless Claims 900k v 910k f’cast, 926k prev Housing…(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

Published On: January 21, 2021 / Categories: Mortgage News /

Subscribe To Receive The Latest News

Curabitur ac leo nunc. Vestibulum et mauris vel ante finibus maximus.

Thank you for your message. It has been sent.
There was an error trying to send your message. Please try again later.

Add notice about your Privacy Policy here.